Zuckerberg Loses $15 Billion in 2018...Still Has At Least $60 Billion More

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Posted: Dec 16, 2018 4:19 PM
Zuckerberg Loses $15 Billion in 2018...Still Has At Least $60 Billion More

"Brother, I'm a dollar away from 50 cents myself," a homeless man in Atlanta unsolicitedly advised I say in case any "bum" asked me for money. Of course, I had to give him a few bucks after that one-liner. Most people often lose large chunks of change for a variety of reasons and do find themselves in the red. But for Facebook founder Mark Zuckerberg, he'd have to lose more than 5 times the amount of money he lost in 2018 to find himself in that situation.

According to Time Magazine, Zuckerberg lost $15 billion in 2018, more than any of the other top 500 richest people in the entire world. 

Via Time:

Mired in controversy throughout the year, Zuckerberg’s net worth started at around $75 billion on January 2, and he’s set to finish at least $15 billion less when the year comes to a close — a greater loss than any of the other 499richest people in the world.

The Facebook founder’s 13% stake in the company makes up almost all of his fortune. Accusations of the platform’s role in Russian election interference and the mass genocide in Rohingya put a closer eye on Facebook, and the unraveling revelations of data breaches and unsavory practices at the executive level that followed led to a number of stock price drops. As the person holding the reins for the entire operation, Zuckerberg has been held accountable personally and — as the chart below shows — financially.

The article continues, explaining how a variety of security concerns relating to Facebook's protection of user data led to major hits in investor and advertisers confidence in Zuckerberg and the social media site. 

But, the Harvard drop out needs not to worry in case he does lose all of his money. He still has hundreds of millions in property and other assets to fall back on.